Mcconnell Dowell Corporation (MDC)

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Mcconnell Dowell Corporation (MDC): Signals

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TECHNICAL ANALYSIS SUMMARY

Mcconnell Dowell Corporation (MDC.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $0.39
Signal Strength: MEDIUM
Recommendation:

Mcconnell Dowell Corporation (ASX:MDC) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 34. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -229.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


PROFILE: Mcconnell Dowell Corporation (MDC.AX)


Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |

About Mcconnell Dowell Corporation (ASX:MDC):

Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
SYR Syrah Resources 1.81 8.1 2,657,646 48 BULLISH
IRI Integrated Research 1.72 7.5 989,647 140 BULLISH
KSC K&S Corporation 1.46 6.6 5,143 91 BULLISH
HFR Highfield Resources 0.68 4.6 190,412 88 BULLISH
NUF Nufarm 5.99 4.5 2,246,031 53 BULLISH
NEA Nearmap 1.58 4.3 958,935 83 BULLISH
MGX Mount Gibson Iron 0.54 3.9 1,903,583 37 BULLISH
IFM Infomedia 1.11 3.7 136,854 65 BULLISH
CAJ Capitol Health 0.29 3.6 381,190 56 BULLISH
REG Rg Capital Radio 2.69 3.5 554,360 33 BULLISH
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